Someone asked if 1000 FIL at
$FIL could lead to financial freedom? 🙈
Current price of FIL is $1, so 4000 FIL costs $4000,
If it pumps back to its previous peak of $430, that would be worth $430,000,
If each FIL could spike to $1000, that would be $1,000,000,
Can this cash bring financial freedom?
But whether FIL will pump back to a few bucks is uncertain,
After all, many early birds harvested a big chunk,
A lot of folks have FIL at costs of tens or hundreds of bucks,
How much does it need to pump back to break even?
The market tends to chase new projects rather than old ones; will FIL get remembered by the market again,
And whether anyone will pump it is still up in the air.
Personally, I think 1000 FIL won't lead to financial freedom,
Of course, this opinion could come back to bite me, and only time will tell.
#fil